IFM 0.87% $1.72 infomedia ltd

why the share price retreat

  1. 752 Posts.
    I am just after a simple explanation of why the share price has gone back by 10 cents in less than a fortnight.

    On the 20th December the company put out an annoucement for the projected earnings for the current financial year. The projected earnings were $15M to $16M which matches the previous financial year's results. Previously, a fall in earnings had been predicted.

    Following this good news, over 2 million shares were traded on that day, and the share price has retreated since.

    All seems very strange.
 
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